Canada’s Oil And Gas Sector Sees Record Job Losses

[mentalfloss]

Canada’s Oil And Gas Sector Sees Record Job Losses​

A total of 37 percent of oil and gas companies in Canada resorted to permanent layoffs due to the pandemic-driven oil price and oil demand slump.

Apart from permanent layoffs, other measures included a hiring freeze for 35 percent of companies, a reduction in executive pay for 29 percent, a reduction in worker pay for 28 percent of firms, temporary layoffs implemented in 27 percent of companies, and a reduction in hours for 21 percent of energy companies.

Canada’s Oil And Gas Sector Sees Record Job Losses | OilPrice.com

The pandemic-driven oil demand crash has forced Canadian oil and gas firms to lay off as much as 37 percent of their workers

oilprice.com

 

[B00Mer]

MentalFlossy's matrabation thread.

 

[mentalfloss]

Just getting you guys ready.

Hopefully JK is diversifying your economy.

 

[Twin_Moose]

Just getting you guys ready.

Hopefully JK is diversifying your economy.

JK? are you missing the /

 

[Twin_Moose]

Husky Energy to get $41.5 million in federal cash for stalled N.L. offshore project​

 

[petros]

I thought Husky doesnt exist any longer.

 

[Twin_Moose]

I don't think the deal is finalized until it gets the Gov. stamp of approval

 

[petros]

Chinese State owned oil getting Canadian Gov handouts. Hmmmmm

 

[Twin_Moose]

Are you surprised that they were the first to get it? Nexen should be getting one soon as well

CNOOC Petroleum North America ULC, formerly known as Nexen, is a Chinese-owned oil and gas company based in Calgary, Alberta. Originally the Canadian subsidiary of US-based Occidental Petroleum, it became an independent company, Nexen, in 2000. Nexen was acquired by Hong Kong-based CNOOC Limited in 2013, and was rebranded under the current name at the end of 2018. It has three growth strategies as of 2013: oil sands and shale gas in western Canada as well as conventional exploration and developm
Founded: July 12, 1971
Headquarters: Calgary, Alberta, Canada
Number of employees: 3,000 (2013)
Revenue: $6.7 billion CAD (2012)

CNOOC Petroleum North America ULC - Wikipedia​

en.wikipedia.org/wiki/Nexen

 

[petros]

Figures.

 

[taxslave]

Canada’s Oil And Gas Sector Sees Record Job Losses​

A total of 37 percent of oil and gas companies in Canada resorted to permanent layoffs due to the pandemic-driven oil price and oil demand slump.

Apart from permanent layoffs, other measures included a hiring freeze for 35 percent of companies, a reduction in executive pay for 29 percent, a reduction in worker pay for 28 percent of firms, temporary layoffs implemented in 27 percent of companies, and a reduction in hours for 21 percent of energy companies.

Canada’s Oil And Gas Sector Sees Record Job Losses | OilPrice.com

The pandemic-driven oil demand crash has forced Canadian oil and gas firms to lay off as much as 37 percent of their workers

oilprice.com

And yet people from all over the country are still working in the Alberta oilfields. Just imagine how many more former Quebec factory labours could have good paying jobs in the O&G sector if we had some much needed pipelines to both coasts and even a small portion of the subsidies flaky renewable energy projects get.

 

[B00Mer]

Just getting you guys ready.

Hopefully JK is diversifying your economy.

Why would a Jedi Knight worry about our economy.. Oh Just Kidding

 

[DaSleeper]

All you globalist weenies, can thank trudeau senior for the national debt which is owned primarily by China

Since 1975...Read and weep

when the national debt was covered by bank of canada interest free - Google Search

www.google.ca

 

[DaSleeper]

The Case to "Reinstate" the Bank of Canada - The Clifford Hugh Douglas Institute for the Study and Promotion of Social Credit

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and Comer (The Committee for Monetary and Economic Reform) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated...

www.socred.org

 

[mentalfloss]

Why would a Jedi Knight worry about our economy.. Oh Just Kidding

Keystone XL, Trans Mountain and Line 3 last pipelines Canada will ever need, says energy regulator​

De Silva notes that if the three oil and gas pipelines under construction get finished — Keystone XL, Trans Mountain and Enbridge Line 3 — they will together be the final pipelines Canada needs to build to handle the projected growth and fossil fuel production before it begins to decline.

Keystone XL, Trans Mountain and Line 3 last pipelines Canada will ever need, says energy regulator

But even 30 years from now oil and gas would still make up nearly two-thirds of energy sources

financialpost.com

 

[B00Mer]

Three Reasons Oil Will Continue to Run the World

While all the buzz surrounds oil prices, the global demand side remains on solid footing: up. Supplying 33% of all energy, oil is the world's primary fuel. Oil is so important that global demand is ever-growing: 67 million b/d in 1990, 77 million b/d in 2000, and 91 million b/d [...]

www.forbes.com

 

[bob the dog]

The Case to "Reinstate" the Bank of Canada - The Clifford Hugh Douglas Institute for the Study and Promotion of Social Credit

There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and Comer (The Committee for Monetary and Economic Reform) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated...

www.socred.org

If you don't laugh, you would cry.

Canadian banks have not been about Canadians for a long time now. Agree with the mid 70's timeline as a turning point.

99% of all Canadian investment flows through New York. American stocks are considered domestic rather than foreign. Of course the banks invest globally but try as an individual to buy a 10 yr Russian government bond paying 6%. It's out there but you can't get it. Economists recommend 20% of your portfolio to be China based but it is an arduous task to invest in a Fortune 500 company listed on the Hong Kong exchange.

16 global stock exchanges with trillion $ market caps. TSE is not one.

One thing about the global powers controlling the Canadian economy is that they do it well. Skids are well greased mind you.

 

[Twin_Moose]

Keystone XL, Trans Mountain and Line 3 last pipelines Canada will ever need, says energy regulator​

De Silva notes that if the three oil and gas pipelines under construction get finished — Keystone XL, Trans Mountain and Enbridge Line 3 — they will together be the final pipelines Canada needs to build to handle the projected growth and fossil fuel production before it begins to decline.

Keystone XL, Trans Mountain and Line 3 last pipelines Canada will ever need, says energy regulator

But even 30 years from now oil and gas would still make up nearly two-thirds of energy sources

financialpost.com

Yeah OK, if you say so

 

[taxslave]

Speaks volumes about how our federal government feels about the west.

 

[petros]

Yeah OK, if you say so

Ships just went diesel, itll take another how long to go with NG?

Those big pipes will move a shitload of NG when oil production falls.

Flossy will be dead before that happens.